Koura Fine Diamond Jewelry Limited , a prominent player in the fine jewelry sector, has made significant moves to strengthen its capital structure and expand its investor base. The company's Board of Directors has approved two key financial decisions that are set to reshape its shareholding pattern and potentially fuel future growth.

Equity Share Allotment to Promoter

In a strategic move, the company has allotted 650,000 equity shares at a price of Rs. 31.30 each to promoter Jeetkumar Nileshkumar Makadia. This preferential allotment has raised Rs. 2.03 crore for the company. The impact on Makadia's shareholding is substantial, with his stake in the company increasing from 0.15% to 9.71% post-allotment.

Convertible Share Warrants Issuance

In addition to the equity share allotment, Koura Fine Diamond Jewelry has also approved the issuance of 2.5 million convertible share warrants. These warrants, priced at Rs. 31.30 each, have been allotted to a diverse group of 31 investors, including both promoters and non-promoters. This move has brought in an additional Rs. 1.96 crore to the company's coffers.

Key details of the warrant issuance include:

• Conversion ratio: 1:1 (One warrant convertible into one equity share)
• Conversion period: Within 18 months from the date of allotment
• Total number of allottees: 31 (3 promoters and 28 non-promoters)

Notable Allottees

Among the prominent allottees of the convertible warrants are:

• Charmi Kamlesh Lodhiya, Soham Kamlesh Lodhiya, and Mirali Kamlesh Lodhiya (Promoters): 500,000 warrants each
• Patel Yagneshkumar (Non-Promoter): 159,000 warrants
• Krishna Ramaiya and Hareshchandra R Ramaiya (Non-Promoters): 54,000 warrants each

Financial Implications

The combined capital raised through these two initiatives amounts to approximately Rs. 3.99 crore. This infusion of funds is expected to provide Koura Fine Diamond Jewelry with additional financial flexibility to pursue its growth strategies and operational objectives.

Market Impact

The allotted equity shares will rank pari-passu with the existing equity shares of the company and are set to be listed on the BSE. This move is likely to enhance the company's market presence and potentially improve liquidity for its shares.

Conclusion

These strategic financial decisions by Koura Fine Diamond Jewelry Limited demonstrate the company's commitment to strengthening its capital base and broadening its investor pool. As the jewelry market continues to evolve, such moves could position the company favorably for future growth opportunities and market challenges.

Investors and market watchers will be keen to observe how the company utilizes this fresh capital and the impact it has on its business operations and market performance in the coming months.

Koura Fine Diamond Jewelry Limited (BSE: 544139) has received in-principle approval from the Bombay Stock Exchange (BSE) for a significant preferential issue of equity shares and convertible warrants. The approval, granted on August 8, 2025, marks a pivotal moment for the company as it seeks to strengthen its capital base.

Details of the Preferential Issue

The preferential issue comprises two key components:

1. 6,50,000 equity shares to be issued to promoters
2. 25,00,000 convertible warrants to be issued to both promoters and non-promoters

Both the equity shares and convertible warrants will be issued at a price not less than Rs. 31.30 per share. The equity shares have a face value of Rs. 10 each.

Regulatory Approval and Compliance

The BSE has granted the in-principle approval with reference number LOD/PREF/KD/FIP/699/2025-26. However, the exchange has emphasized that this approval does not constitute final listing approval. Koura Fine Diamond Jewelry Limited must comply with various regulatory requirements, including:

• Adherence to the Companies Act 2013
• Compliance with SEBI regulations
• Obtaining necessary statutory approvals

Post-Issue Requirements

Following the allotment of securities, the company is required to:

1. Submit a listing application within twenty days from the allotment date
2. Comply with post-issue listing formalities
3. Ensure adherence to trading restrictions for allottees

Management's Statement

Kamlesh Keshavlal Lodhiya, Managing Director of Koura Fine Diamond Jewelry Limited, confirmed the receipt of the in-principle approval in a disclosure to the BSE. The company views this development as a significant step in its growth strategy.

Investor Considerations

While this preferential issue presents an opportunity for the company to raise capital, investors should note that:

• The final issuance is subject to compliance with various regulatory requirements
• The company must adhere to strict timelines for the listing application post-allotment
• Trading restrictions will apply to the allottees of these securities

As Koura Fine Diamond Jewelry Limited moves forward with this preferential issue, market participants will be keenly watching the impact on the company's financial position and growth prospects in the fine diamond jewelry sector.